Silver Valley trenching activities

Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) (“Silver Valley” or the “Company”), is pleased to announce results of trenching activities at its first high-priority target area, Crown Point, of six areas to be tested at its Ranger-Page Project, North Idaho, USA. The Crown Point Mine is located immediately west within one kilometre of the Bunker Hill Mine, one of the largest underground mines in the United States.
As announced in the June 8th, 2023, press release, the Company’s multi-kilometre exploration trenching project commenced with work in the eastern end of the project on the Crown Point target, which was the site of the project’s historic high-grade silver mining activities. A strong ground IP anomaly and positive soil geochemistry results from 2022 justified trenching the Crown Point area to expose vein structures at surface. Approximately 400 meters of trenching has been completed to date in the Crown Point target area, exposing an east-west trending structural zone of mineralization greater than 16 metres wide which extends Crown Point over 220 meters to the west, and at least 75 meters up dip from the Crown Point mine toward the surface.
It is well understood that many Coeur d’Alene style veins contain significant iron, lead and zinc sulphides, which when dissolved, acidify ground water, leading to additional leaching of metal sulphides over time. For this reason, leached outcroppings in the Coeur d’Alene mining district that contain discrete limonitic structures and gossan grading +20 g/t silver is considered anomalous and prospective. These results meet our expectations for surface exposures of the Crown Point vein system, which had head grades of 301 g/t silver and 10% lead. Zinc was not tracked or recovered at Crown Point historically. Our assay results suggest zinc is present at surface and at depth.
Silver Valley’s Exploration Director, Dale Moore, commented, “For the first time on this project we’re getting a clear look at the Crown Point mineralization in outcrop. These results have improved upon the assays reported from the historic bulldozer cut completed by Asarco in the 1970’s, showing elevated base metals versus what was previously reported. Silver-lead ratios are similar to what we expect in this area of the District, and +20 gram silver at surface is a strong result given our geology and climate. We have a wide east-west zone trending parallel to Crown Point, and we’re seeing additional mineralized structures in the hanging wall of the Crown Point fault. We’re very happy with the progress thus far with the trench results.”